Money Saving Tax Tips

The Internal Revenue Service announced that the nation’s tax season will begin Monday, January 29, 2018. The IRS will begin accepting tax returns on January 29, with nearly 155 million individual tax returns expected to be filed in 2018. Although the IRS will begin accepting both electronic and paper tax returns on January 29th, paper...Continue reading→

This powerful new free Finance & Tax App has been developed by the team at Penrose And Associates to give you key financial and tax information, tools, features and news at your fingertips, 24/7.  The Penrose And Associates App is designed to be a helpful place to get critical information whenever you need it. As...Continue reading→

Whether you are having a good year, rebounding from recent losses, or still struggling to get off the ground, you may be still able to save on your taxes if you make the right moves before the end of the year by taking advantage of the tips below.  Not all actions may apply in your...Continue reading→

As the end of 2017 approaches, taxpayers are encouraged to consider a tax withholding checkup. Taking a closer look at the taxes being withheld now can help ensure the right amount is withheld, either for tax refund purposes or to avoid an unexpected tax bill next year. The withholding review takes on even more importance...Continue reading→

The IRS wants taxpayers to be aware of several factors that could affect the timing of their tax refunds next year. Due to a December 2015 law, the IRS cannot issue refunds on tax returns claiming the Earned Income Tax Credit or the Additional Child Tax Credit before mid-February. Under the change required by Congress...Continue reading→

In order to enjoy success in any business, there are several ingredients that an entrepreneur needs to practice on his day to day running of the business. One of the key things that determine the success of any enterprise is finance management. Money makes the business go round as it does to the world. This means...Continue reading→

The IRS says that it will block or suspend processing of 2017 income tax returns that do not comply with the Affordable Care Act (Obamacare) rules requiring filers to disclose their health insurance status. The new move to tighten Americans’ compliance with the Affordable Care Act comes even as the Trump administration takes steps to undercut it. “Taxpayers...Continue reading→

No one wants to pay more in taxes than they have to and we don’t want you to either.  Below, are at 10 tax deductions that are sometimes overlooked but which can add up to considerable savings. Job search expenses Money you spend looking for a job in the same line of work as your...Continue reading→

IRS Reminds Taxpayers to Remain Vigilant Against Scams this Summer The Internal Revenue Service has asked taxpayers to be aware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country,...Continue reading→

For tens of millions of Americans, the reward for enduring the agony of preparing tax returns is the refund check they get from the IRS. Yet many people never get tax refunds, and even some who expect to get them don’t always receive their money as quickly as they want. With many different reasons why...Continue reading→